4 Things You Should Always Ask Before Hiring An Accountant

An apt bookkeeping system is the lifeline of any business – the more proficient it is, the better is your turnover. You must hire an accountant, who is a professional in this department. The financial calculations of your business become easier as you choose a skilled and qualified accountant for your commerce.

But, how to identify that the person is excellent in bookkeeping? This blog presents to you a few questions that you must put forth while hiring an accountant.

Question 1: What are their exact experiences with business tax calculation?

Tax calculation consumes a massive time of the year and thus, most of the firms consider it as thorn in their side. Smarter are those entrepreneurs who hire solid accountants, of profound experiences, to deal with their business taxes and bookkeeping. You must hire an accountant, who has enough potential, to tackle business tax codes for the UAE companies.

Accountants come in varieties and all flavors! Some are familiar with retirement planning, some of them are associated with personal taxes but, you trade commerce needs a professional bookkeeper with expertise in corporate tax payments, employment taxes, and business expenses.

Question 2: What type of clients have they dealt with in the past?

Learn whether the person has prior experiences with businesses and find out specific details about his/her experiences. Ideal are those who have long history of success in the same arena as yours. The purpose behind appointing an accountant is to smooth out your trade methods and improve your organization’s bottom line.

Think about an accountant, who has worked for construction sector or real estate business. Will you ever choose that person for your café business? The answer is obviously ‘No’. Hiring a CPA who has no experience in your field does not make any sense. You should always select the one who is worth the extra expense.

Question 3: What is their best possible time to be available?

Some of the companies employ accountants on as-required basis as these firms need accounting services only at tax times. In case your company has more complex financial dealings and tax issues, you may need an accountant for the whole year.

You must make sure that the potential accountants remain available depending on your needs. In general, most of the accountants handle multiple clients at the same time. If you think, you are the only focus of your CPA for hire, and then you are likely to be one of the many customers. So, you must take clarification about your accountant’s availability and how often you two can communicate.

Question 4: What is their charge and payment procedure?

Discussion about the fees prior to hiring is one of the causes to save quandary down the line. In most of the cases, accountants work in packages rather than monthly salary. It is one of the positive factors, as you do not have to worry about one more addition in your business’ salary structure.

The accountants who work for a few days in a year charge an hourly package. This format is mainly for organizations that need professionals at the specific tax times. Otherwise, if you need more accounting services, pay your expert on project base or monthly basis.

Investing on accounting services is a big thing as it assures more savings of your business cash at the end of each month. According to UAE tax regulations, there are multiple categories and sub-categories under the VAT format. Before hiring an expert, do not hesitate to ask them about their background details.

Summary

UAE organizations often need expert accountants to handle their tax calculations and financial dealings. Before employing an expert for your project, ask them a few queries to get assurance about their knowledge, experience, availability and rates.

Author Bio

Kelly Brook, a doctorate on Finance and Accounting in a reputed UAE university, has been associated with Uaevatexpert.ae as chief tax consultant for more than 4 years. If you want to hire an accountant, you can approach her via Uaevatexpert.ae portal.

Uaevatexperts.ae has been voted by thousands of clients as having the most reliable and competent tax consultants in Uae. We have been serving in this industry for over a decade to provide a personal solution to every client’s issues concerning tax.